Examkin

Soru

Zorluk: OrtaDefinition and Types of Risk

Sarah owns a regional logistics company and is evaluating various aspects of her business operations. According to standard insurance principles, which of the following situations represents a pure risk?

  1. The potential financial loss her company would suffer if a delivery truck is destroyed in a highway collision.Cevap
  2. B
    The potential for lost revenue if her company expands into a new state but fails to attract enough clients.
  3. C
    The accumulation of heavy ice and snow on the main loading dock during the winter months.
  4. D
    The decision to establish a dedicated corporate fund to pay for minor property damages out-of-pocket.

Cevap

The potential financial loss her company would suffer if a delivery truck is destroyed in a highway collision.
A pure risk involves only the chance of loss or no loss, with no opportunity for financial gain. The potential destruction of a delivery truck in a collision represents a situation where the business can only lose value, making it a pure, insurable risk.

Adım Adım Çözüm

1
Define what constitutes a 'pure risk' in insurance terms.
A pure risk is defined as a situation that presents only the possibility of a loss or no loss, with no opportunity for financial gain.
Understanding the fundamental definition of pure risk is required to distinguish it from other related risk management concepts.
2
Differentiate pure risk from speculative risk.
Speculative risk involves the chance of both gain and loss (e.g., investing in a new business venture). Insurance traditionally only covers pure risks.
Business owners face both types of risk, but they must be treated differently for insurance purposes.
3
Evaluate the scenarios to determine which one strictly involves only the possibility of loss.
The destruction of a delivery truck presents no opportunity for gain, only loss. Expansion into a new state is speculative, ice on a dock is a hazard, and setting up a fund is a risk retention strategy.
Systematic elimination based on definitions isolates the correct classification.

Anahtar Kavram

Definition and Types of Risk
Bu soruyu puanla

Konular

Definition and Types of Risk

Bu konudan daha fazla soru